HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 05/06/1999 - FIRST READING OF ORDINANCE NO. 75, 1999, AUTHORIZI AGENDA ITEM SUMMARY ITEM NUMBER: 25
DATE: May 4, 1999
FORT COLLINS CITY COUNCIL STAFF:
Fred Anderton
SUBJECT:
First Reading of Ordinance No.75, 1999,Authorizing the Long-Term Lease of Property at the Fort
Collins-Loveland Municipal Airport to Mike S.Hoffman for the Construction of an Aircraft Hangar.
(Hanger Site A)
RECOMMENDATION:
Staff recommends adoption of the Ordinance on First Reading.
FINANCIAL IMPACT:
The lease will generate,in land rents for the airport, $432 annually for the first five years. After the
fifth,and every fifth year thereafter through the term of the lease(twenty-five),the rent will increase
(using an equation based on the inflation rate established by the Denver-Boulder Consumer Price
Index).
EXECUTIVE SUMMARY:
The Airport Manager has negotiated a twenty-five year lease of property with Mike S.Hoffman,for
the construction of an aircraft hangar. Mike S. Hoffman will construct a hangar that will provide
at least 2,500 square feet of aircraft storage space. At the expiration of the lease,the improvements
revert to the ownership of the Cities.
The construction of the hangar will generate new revenue for the Airport and help meet the aircraft
storage needs of local aircraft owners.
. ORDINANCE NO. 75, 1999
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AUTHORIZING THE LONG-TERM LEASE OF PROPERTY AT
THE FORT COLLINS-LOVELAND MUNICIPAL AIRPORT
TO MIKE S. HOFFMAN FOR THE CONSTRUCTION OF AN AIRCRAFT HANGAR
WHEREAS,the Cities of Fort Collins and Loveland(the"Cities")jointly own and manage
certain real property in Latimer County that is the site of the Fort Collins-Loveland Municipal
Airport (the "Airport Property"); and
WHEREAS, the Cities have set aside a portion of the Airport Property for lease to parties
desiring to conduct aeronautical activities and support activities at the airport; and
WHEREAS,pursuant to Section 23-114 of the Code of the City of Fort Collins,the Council
is authorized to lease any and all interests in real property owned in the name of the City,provided
that Council first finds that the lease is in the best interests of the City; and
WHEREAS, the Intergovernmental Agreement for the Joint Operation of the Fort Collins-
Loveland Municipal Airport between the Cities specifically recognizes the leasing of Airport
Property as a valid use of the jointly owned Airport Property; and
WHEREAS, Mike S. Hoffman has indicated a desire to lease a portion of airport property,
described as follows and hereinafter referred to below as "the Lot", for the construction and
maintenance of an aircraft hangar:
Hanear Site A:
All that portion of the Northeast'/4 of Section 33,Township 6 North,Range 68 West
ofthe 6th Principal Meridian,Latimer County,Colorado more particularly described
as follows:
Considering the East line of the Northeast'/4 of Section 33,Township 6 North,Range
68 West of the 6th Principal Meridian,Latimer County, Colorado as bearing S 00'
3 V 3 1" E and with all bearings contained herein relative thereto.
Commencing at the Northeast comer of Section 33, Township 6 North, Range 68
West of the 6th Principal Meridian,Latimer County,Colorado;thence run S 00'3 V
3 1" E along the East line of the Northeast %4 of said Section 33 for a distance of
1,263.73 feet; thence leaving said East line run S 89° 28'29" W for a distance of
421.53 feet to the POINT OF BEGINNING; thence run S 70° 01' 13" W for a
distance of 60.00 feet; thence run N 19' 58' 47" W for a distance of 60.00 feet;
thence run N 70° 01' 13" E for a distance of 60.00 feet;thence run S 19' 58' 47" E
for a distance of 60.00 feet to the Point of Beginning. Containing 3,600 square feet
. or 0.08 acres more or less.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS as follows:
Section 1. That the proposed lease of the Lot to Mike S.Hoffman upon the terms of the
lease hereafter referenced, is in the best interests of the City.
Section 2. That the Mayor is hereby authorized to enter into a long term lease of the Lot
to Mike S. Hoffman under the terms and conditions of that certain lease form entitled "Lease
Agreement, Cities of Loveland and Fort Collins, Colorado and Mike S. Hoffman"which is on file
with the City Clerk of the City of Fort Collins, Colorado.
Introduced and considered favorably on first reading and ordered published this 4th day of
May, A.D. 1999, and to be presented for final passage on the 18th day of May, A.D. 1999.
Mayor
ATTEST:
City Clerk
Passed and adopted on final reading this 18th day of May,A.D. 1999.
Mayor
ATTEST:
City Clerk